<p>Tuas Ltd. 最近的财报电话会议描绘了强劲的增长和战略进展，但也面临一些挑战。整体情绪积极，收入和用户增长显著，同时盈利能力有所改善。然而，关于毛利率下降、下半年宽带用户增长放缓以及每用户平均收入（ARPU）面临挑战的担忧也浮现。</p>
<h2>显著的收入增长</h2>
<p>Tuas Ltd. 报告称，2025 财年的收入增长了惊人的 29%，达到 1.513 亿美元，较上一个财年 1.171 亿美元有所上升。这一显著增长凸显了公司强大的市场存在和有效的收入扩展策略。</p>
<h2>EBITDA 和利润里程碑</h2>
<p>公司在盈利能力方面取得了重要里程碑，EBITDA 增长了 8%，达到 6840 万美元。此外，Tuas Ltd. 将税后净利润扭转为 690 万美元，较去年亏损的 440 万美元有了显著改善，突显了有效的成本管理和运营效率。</p>
<h2>用户基础扩展</h2>
<p>Tuas Ltd. 的用户基础实现了令人印象深刻的增长，移动用户增加了 19%，达到约 125.4 万。宽带用户也有所增长，增加了 22000 人，总数达到 25600 人，反映了公司成功的客户获取策略。</p>
<h2>积极的现金流</h2>
<p>公司从经营活动中产生了 8120 万美元的净现金，经过重大资本支出后，年末现金余额为 8070 万美元。这一强劲的现金流状况支持了 Tuas Ltd. 持续的投资和战略举措。</p>
<h2>对 M1 Limited 的战略收购</h2>
<p>Tuas Ltd. 宣布以 14.3 亿新加坡元收购 M1 Limited。这一收购预计将增强公司的市场地位并创造协同效应，资金来源于现金储备、股权和债务融资的组合。</p>
<h2>毛利率下降</h2>
<p>尽管财务结果积极，Tuas Ltd. 在下半年面临毛利率下降。这引发了对成本控制的担忧，以及需要进行战略调整以维持盈利能力。</p>
<h2>宽带用户增长率下降</h2>
<p>下半年宽带用户的增长率较上半年放缓，表明该市场可能出现饱和或竞争加剧。</p>
<h2>ARPU 挑战</h2>
<p>尽管提供了强有力的价值主张，Tuas Ltd. 在下半年经历了 ARPU 的下降。这表明公司需要应对定价和竞争压力，以维持收入增长。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Tuas Ltd. 对 2025 财年提供了乐观的指导，强调持续的财务改善和战略举措。公司预计独立资本支出为 5000 万至 5500 万新加坡元，重点关注利润优化和有序的现金管理。Tuas Ltd. 旨在进一步发展其移动和宽带业务，利用对 M1 Limited 的战略收购。</p>
<p>总之，Tuas Ltd. 的财报电话会议反映了积极的前景，收入和用户显著增长，同时也有战略进展，如收购 M1 Limited。然而，毛利率、宽带增长和 ARPU 方面的挑战则是需要战略关注的领域。公司的前瞻性指导表明其致力于在即将到来的财年中维持增长和盈利能力。</p>

<p>Tuas Ltd. 报告称，2025 财年的收入增长了 29%，达到 1.513 亿美元，EBITDA 增长 8%，达到 6840 万美元，净利润扭亏为盈，达到 690 万美元。订阅用户增长方面，移动用户增长了 19%，达到 125.4 万。然而，面临的挑战包括毛利率下降、宽带增长放缓以及每用户平均收入（ARPU）压力。该公司宣布以 14.3 亿新加坡元收购 M1 Limited，旨在提升市场地位。尽管面临挑战，Tuas Ltd. 预计 2025 财年将继续实现增长和盈利，重点关注利润优化和严格的现金管理</p>

<p>The recent earnings call for Tuas Ltd. painted a picture of robust growth and strategic advancement, tempered by some challenges. The overall sentiment was positive, with significant revenue and subscriber growth, alongside improvements in profitability. However, there were concerns regarding declining gross margins, slower broadband subscriber growth in the latter half of the year, and challenges with Average Revenue Per User (ARPU).</p>
<div class="lb-trans"><p>Tuas Ltd. 最近的财报电话会议描绘了强劲的增长和战略进展，但也面临一些挑战。整体情绪积极，收入和用户增长显著，同时盈利能力有所改善。然而，关于毛利率下降、下半年宽带用户增长放缓以及每用户平均收入（ARPU）面临挑战的担忧也浮现。</p>
</div><h2>Significant Revenue Growth</h2>
<div class="lb-trans"><h2>显著的收入增长</h2>
</div><p>Tuas Ltd. reported a remarkable 29% increase in revenue for FY ’25, reaching $151.3 million, up from $117.1 million in the previous fiscal year. This substantial growth underscores the company’s strong market presence and effective strategies in expanding its revenue streams.</p>
<div class="lb-trans"><p>Tuas Ltd. 报告称，2025 财年的收入增长了惊人的 29%，达到 1.513 亿美元，较上一个财年 1.171 亿美元有所上升。这一显著增长凸显了公司强大的市场存在和有效的收入扩展策略。</p>
</div><h2>EBITDA and Profit Milestones</h2>
<div class="lb-trans"><h2>EBITDA 和利润里程碑</h2>
</div><p>The company achieved significant milestones in profitability, with EBITDA rising by 8% to $68.4 million. Additionally, Tuas Ltd. turned around its net profit after tax to $6.9 million, a notable improvement from the previous year’s loss of $4.4 million, highlighting effective cost management and operational efficiency.</p>
<div class="lb-trans"><p>公司在盈利能力方面取得了重要里程碑，EBITDA 增长了 8%，达到 6840 万美元。此外，Tuas Ltd. 将税后净利润扭转为 690 万美元，较去年亏损的 440 万美元有了显著改善，突显了有效的成本管理和运营效率。</p>
</div><h2>Subscriber Base Expansion</h2>
<div class="lb-trans"><h2>用户基础扩展</h2>
</div><p>Tuas Ltd. saw impressive growth in its subscriber base, with mobile subscribers increasing by 19% to approximately 1.254 million. Broadband subscribers also grew, adding 22,000 to reach a total of 25,600, reflecting the company’s successful customer acquisition strategies.</p>
<div class="lb-trans"><p>Tuas Ltd. 的用户基础实现了令人印象深刻的增长，移动用户增加了 19%，达到约 125.4 万。宽带用户也有所增长，增加了 22000 人，总数达到 25600 人，反映了公司成功的客户获取策略。</p>
</div><h2>Positive Cash Flow</h2>
<div class="lb-trans"><h2>积极的现金流</h2>
</div><p>The company generated $81.2 million in net cash from operating activities, ending the year with a cash balance of $80.7 million after significant capital expenditures. This strong cash flow position supports Tuas Ltd.’s ongoing investments and strategic initiatives.</p>
<div class="lb-trans"><p>公司从经营活动中产生了 8120 万美元的净现金，经过重大资本支出后，年末现金余额为 8070 万美元。这一强劲的现金流状况支持了 Tuas Ltd. 持续的投资和战略举措。</p>
</div><h2>Strategic Acquisition of M1 Limited</h2>
<div class="lb-trans"><h2>对 M1 Limited 的战略收购</h2>
</div><p>Tuas Ltd. announced a strategic move to acquire M1 Limited for SGD 1.43 billion. This acquisition is expected to enhance the company’s market position and create synergies, funded through a mix of cash reserves, equity, and debt financing.</p>
<div class="lb-trans"><p>Tuas Ltd. 宣布以 14.3 亿新加坡元收购 M1 Limited。这一收购预计将增强公司的市场地位并创造协同效应，资金来源于现金储备、股权和债务融资的组合。</p>
</div><h2>Gross Margin Decline</h2>
<div class="lb-trans"><h2>毛利率下降</h2>
</div><p>Despite the positive financial results, Tuas Ltd. faced a decline in gross margins in the second half of the year. This raises concerns about cost control and the need for strategic adjustments to maintain profitability.</p>
<div class="lb-trans"><p>尽管财务结果积极，Tuas Ltd. 在下半年面临毛利率下降。这引发了对成本控制的担忧，以及需要进行战略调整以维持盈利能力。</p>
</div><h2>Decline in Broadband Subscriber Growth Rate</h2>
<div class="lb-trans"><h2>宽带用户增长率下降</h2>
</div><p>The growth rate of broadband subscribers slowed in the second half compared to the first half of the year, indicating potential market saturation or increased competition in this segment.</p>
<div class="lb-trans"><p>下半年宽带用户的增长率较上半年放缓，表明该市场可能出现饱和或竞争加剧。</p>
</div><h2>ARPU Challenges</h2>
<div class="lb-trans"><h2>ARPU 挑战</h2>
</div><p>Tuas Ltd. experienced a decline in ARPU during the second half, despite offering a strong value proposition. This suggests pricing and competitive pressures that the company needs to address to maintain revenue growth.</p>
<div class="lb-trans"><p>尽管提供了强有力的价值主张，Tuas Ltd. 在下半年经历了 ARPU 的下降。这表明公司需要应对定价和竞争压力，以维持收入增长。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Tuas Ltd. provided optimistic guidance for FY 2025, emphasizing continued financial improvements and strategic initiatives. The company projects a standalone CapEx of SGD 50-55 million, focusing on margin optimization and disciplined cash management. Tuas Ltd. aims to further grow its mobile and broadband segments, leveraging the strategic acquisition of M1 Limited.</p>
<div class="lb-trans"><p>展望未来，Tuas Ltd. 对 2025 财年提供了乐观的指导，强调持续的财务改善和战略举措。公司预计独立资本支出为 5000 万至 5500 万新加坡元，重点关注利润优化和有序的现金管理。Tuas Ltd. 旨在进一步发展其移动和宽带业务，利用对 M1 Limited 的战略收购。</p>
</div><p>In summary, Tuas Ltd.’s earnings call reflected a positive outlook with significant growth in revenue and subscribers, alongside strategic advancements such as the acquisition of M1 Limited. However, challenges in gross margins, broadband growth, and ARPU present areas for strategic focus. The company’s forward-looking guidance indicates a commitment to sustaining growth and profitability in the coming fiscal year.</p>
<div class="lb-trans"><p>总之，Tuas Ltd. 的财报电话会议反映了积极的前景，收入和用户显著增长，同时也有战略进展，如收购 M1 Limited。然而，毛利率、宽带增长和 ARPU 方面的挑战则是需要战略关注的领域。公司的前瞻性指导表明其致力于在即将到来的财年中维持增长和盈利能力。</p>
</div>

Tuas 有限公司在面临挑战的情况下报告了强劲的增长